Allspring Global Investments Holdings LLC Reduces Stock Holdings in CrowdStrike $CRWD

Key Points

• Allspring Global Investments Holdings LLC has reduced its stake in CrowdStrike ($CRWD) by 47.4% during the second quarter, bringing its total shares to 29,661 valued at approximately $14.6 million.
• Insider trading activity includes CEO George Kurtz selling 17,830 shares for about $8.8 million, reducing his ownership by 0.84%, while the company remains under significant institutional ownership at 71.16%.
• Analysts generally have a "Moderate Buy" consensus rating on CrowdStrike, with a target price averaging $494.95, reflecting confidence in the company's growth trajectory despite recent trading actions.

Allspring Global Investments Holdings LLC reduced its holdings in CrowdStrike (NASDAQ:CRWD - Free Report) by 47.4% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 29,661 shares of the company's stock after selling 26,778 shares during the period. Allspring Global Investments Holdings LLC's holdings in CrowdStrike were worth $14,595,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the business. LRI Investments LLC boosted its holdings in shares of CrowdStrike by 12.7% in the 2nd quarter. LRI Investments LLC now owns 849 shares of the company's stock valued at $432,000 after acquiring an additional 96 shares during the last quarter. Commonwealth Financial Services LLC boosted its holdings in CrowdStrike by 8.5% during the second quarter. Commonwealth Financial Services LLC now owns 1,490 shares of the company's stock worth $759,000 after buying an additional 117 shares in the last quarter. Valley Brook Capital Group Inc. boosted its holdings in CrowdStrike by 3.4% during the second quarter. Valley Brook Capital Group Inc. now owns 1,955 shares of the company's stock worth $996,000 after buying an additional 65 shares in the last quarter. SPC Financial Inc. boosted its holdings in CrowdStrike by 9.0% during the second quarter. SPC Financial Inc. now owns 1,205 shares of the company's stock worth $614,000 after buying an additional 100 shares in the last quarter. Finally, Lodestar Private Asset Management LLC boosted its holdings in CrowdStrike by 3.6% during the second quarter. Lodestar Private Asset Management LLC now owns 774 shares of the company's stock worth $394,000 after buying an additional 27 shares in the last quarter. 71.16% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, CEO George Kurtz sold 17,830 shares of the firm's stock in a transaction dated Monday, September 22nd. The shares were sold at an average price of $494.53, for a total transaction of $8,817,469.90. Following the completion of the sale, the chief executive officer directly owned 2,115,057 shares in the company, valued at approximately $1,045,959,138.21. This trade represents a 0.84% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Anurag Saha sold 1,762 shares of the firm's stock in a transaction dated Wednesday, September 24th. The stock was sold at an average price of $482.41, for a total transaction of $850,006.42. Following the sale, the chief accounting officer owned 37,255 shares of the company's stock, valued at approximately $17,972,184.55. The trade was a 4.52% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 158,090 shares of company stock valued at $75,500,649. Corporate insiders own 3.32% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the stock. Cfra reissued a "hold" rating and set a $555.00 price target (up from $517.00) on shares of CrowdStrike in a report on Thursday, July 10th. Mizuho upped their price objective on shares of CrowdStrike from $430.00 to $450.00 and gave the stock a "neutral" rating in a research report on Wednesday, September 17th. Sanford C. Bernstein reduced their price objective on shares of CrowdStrike from $371.00 to $343.00 and set a "market perform" rating for the company in a research report on Thursday, August 28th. Stephens upped their price objective on shares of CrowdStrike from $525.00 to $590.00 and gave the stock an "overweight" rating in a research report on Thursday, October 9th. Finally, Guggenheim restated a "neutral" rating on shares of CrowdStrike in a research report on Thursday, September 18th. One analyst has rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating, seventeen have assigned a Hold rating and two have assigned a Sell rating to the company's stock. According to data from MarketBeat, CrowdStrike currently has a consensus rating of "Moderate Buy" and an average target price of $494.95.

CrowdStrike Price Performance

Shares of NASDAQ CRWD opened at $484.65 on Friday. The firm has a 50-day simple moving average of $455.15 and a 200-day simple moving average of $448.34. The stock has a market capitalization of $121.63 billion, a price-to-earnings ratio of -407.27, a price-to-earnings-growth ratio of 113.32 and a beta of 1.19. The company has a quick ratio of 1.88, a current ratio of 1.88 and a debt-to-equity ratio of 0.20. CrowdStrike has a 52 week low of $294.68 and a 52 week high of $517.98.

CrowdStrike (NASDAQ:CRWD - Get Free Report) last issued its earnings results on Wednesday, August 27th. The company reported $0.93 EPS for the quarter, beating analysts' consensus estimates of $0.83 by $0.10. The business had revenue of $1.17 billion during the quarter, compared to analysts' expectations of $1.15 billion. CrowdStrike had a negative net margin of 6.84% and a negative return on equity of 1.53%. The company's quarterly revenue was up 21.4% compared to the same quarter last year. During the same period in the prior year, the business earned $1.04 earnings per share. CrowdStrike has set its FY 2026 guidance at 3.600-3.72 EPS. Q3 2026 guidance at 0.930-0.95 EPS. On average, equities analysts predict that CrowdStrike will post 0.55 earnings per share for the current fiscal year.

About CrowdStrike

CrowdStrike Holdings, Inc provides cybersecurity solutions in the United States and internationally. Its unified platform offers cloud-delivered protection of endpoints, cloud workloads, identity, and data. The company offers corporate endpoint and cloud workload security, managed security, security and vulnerability management, IT operations management, identity protection, SIEM and log management, threat intelligence, data protection, security orchestration, automation and response and AI powered workflow automation, and securing generative AI workload services.

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